Gebouw in Al Jurf，Al Jurf Industrial 3 (Al Jurf 3), 10500000 AED - 17155600

Direct Owner | Investment Building for Sale in Al Jurf Industrial 3, AjmanAn investment opportunity to acquire an income-generating residential building in Al Jurf Industrial 3, Ajman, offered directly by the owner.
The property currently generates an annual rental income of AED 914,000, with the potential to increase income to AED 950,000 due to existing older rental rates, subject to applicable rental regulations and market conditions.
The existing building consists of Ground + 5 Floors (G+5), while the stated building permit is for Ground + 6 Floors (G+6).
The property comprises 30 residential apartments and 14 parking spaces, with a land area of approximately 6,727 sq ft.
The building is approximately six years old.

Property Details

Location: Al Jurf Industrial 3 – Ajman
Property Type: Residential Investment Building
Sale Type: Direct from Owner
Existing Building: Ground + 5 Floors (G+5)
Building Permit: Ground + 6 Floors (G+6)
Land Area: 625 sqm / Approximately 6,727 sq ft
Building Age: 6 Years
Total Apartments: 30
Parking Spaces: 14
Current Annual Rental Income: AED 914,000
Potential Annual Rental Income: AED 950,000
Asking Price: AED 10,500,000

Apartment Breakdown

5 Studio Apartments
5 One-Bedroom Apartments with Living Rooms
20 Two-Bedroom Apartments with Living Rooms

Total Residential Apartments: 30 Units

Rental Income and Investment ReturnsCurrent Annual Rental Income
The building generates a stated annual rental income of AED 914,000, representing an approximate gross rental yield of 8.70% based on the asking price.
Potential Rental Income Growth
The existing apartments have older rental rates, creating an opportunity to evaluate future rental adjustments in accordance with applicable tenancy regulations.
The stated potential annual rental income is AED 950,000, subject to achieving the proposed increases.
Potential Gross Rental Yield
If annual rental income reaches AED 950,000, the approximate gross rental yield would increase to 9.05% per annum before operating expenses.

Key Property FeaturesLocation in Al Jurf Industrial 3
The building is located in Al Jurf Industrial 3, Ajman, offering an investment opportunity for buyers seeking residential income-generating properties.
30 Residential Apartments
The property features a mix of studios, one-bedroom apartments, and two-bedroom apartments, providing multiple residential rental categories.
14 Parking Spaces
The building includes 14 parking spaces.
Six-Year-Old Building
The property is approximately six years old, an important consideration when assessing its physical condition and future maintenance requirements.
G+6 Building Permit
The existing structure consists of Ground + 5 Floors, while the stated permit is for Ground + 6 Floors. Any additional construction is subject to verification of approved plans and the necessary authority permissions.
Established Rental Income
The property currently generates AED 914,000 per year, with a stated potential increase to AED 950,000